Saturday Morning Links

WSJ Links

Section D (Off Duty): Later

Section C (Review):

• How America lost its way: institutions need fixing -- Niall Ferguson; more stimulus won't help
• We may live on a natural gas machine: -- Matt Ridley; new research suggests the world's hydrocarbon resources are far greater than previously thought

Section B (Business & Finance):

• ATT digs in against wireless competition: the company is set to add an unusually high number of wireless customers for the second quarter, reflecting efforts to ward off increasingly aggressive competitors in an already tight market.
• Spain said to be poised to cut renewable subsidies: Spain is set to cut subsidies for renewable-energy production, a move that could drive struggling solar firms into default and boost loan losses for banks that financed their projects, according to people familiar with the plan.
• Wedding bell blues: marriage tax penalty worsens this year. Cue up Connie Francis.

Section A:

• Jobs rise enough to soothe markets: at 175,000/month, it will take a decade to get back to 6.5% unemployment rate; in the good, ol' days, 4% was considered full employment
• Drinking water runs low as dry conditions linger on, Kansas to New Mexico: may have other implications
• Officials scramble to assess leak damage: has anyone said who leaked PRISM? Congressional leaders seem to be interestingly quiet on this subject; I think they liked the snooping for any number of reasons
• Credibility crunch for tech companies over PRISM
• People's locations could be tracked: OMG
• Pipeline called key to Canada oil sands: extracting may not be economically viable without the pipeline
• Fed on track to ease up on bond buying: a talking head had it right yesterday -- this doesn't mean the end of the program; just "less" buying but still a lot of buying
• Central Europe braces for record surge of flooding: too much Global Warming snow this past winter?
• US presses China on corporate espionage: LOL
• The first ladies at this week's summer won't meet: one of them is thanking her lucky stars and it isn't Michelle
• Dallas Mavericks owner Mark Cuban is backing a team of biomechanics researchers interesting in a modern sports phenomenon: flopping. What a great country!